Does your mood swing up and down with the TSX? Does the price of oil keep you up at night? If you’ve got your finger on the pulse of the business news scene in Canada, then this quiz on the week’s top business stories should be a breeze.
Does your mood swing up and down with the TSX? Does the price of oil keep you up at night? If you’ve got your finger on the pulse of the business news scene in Canada, then this quiz on the week’s top business stories should be a breeze.
Legal fees, disbursements, discharging the current mortgage, capital gains taxes… selling a home often comes with an abundance of seemingly never-ending costs that can send your stress levels soaring, lighten up your wallet and often make you wonder why you thought selling was even a good idea in the first place. It’s no wonder more and more people are looking to save a few bucks when it comes to one of the most expensive costs—realtor fees.
With the advent of so many DIY property-selling sites in Canada, listing your own home has never been easier or cheaper. Sites like PropertyGuys, ComFree and ForSaleByOwner offer all-inclusive, flat-fee packages priced anywhere from $400-$800, and can include exposure on popular property-searching sites like Realtor.ca. These companies promise to help inexperienced owners price, promote and negotiate the sale of their homes, all while potentially saving tens of thousands of dollars in realtor fees.
Given the skyrocketing housing market (the MLSRead More »from Going it alone? The pitfalls of selling your home without a real estate agent
The Federal Reserve once again pushed back plans to raise interest rates on Wednesday, a widely expected move following a series of mixed economic reports and varied signals from Fed officials.
After its two-day policy meeting, the Federal Open Market Committee voted to hold the federal funds rate between 0.25% and 0.50%, citing progress in economic and labor market growth and an improving risk outlook.
It’s worth noting, however, that three members of the committee — Kansas City Fed President Esther George, Cleveland Fed President Loretta Mester and Boston Fed President Eric Rosengren — voted against the decision, preferring to raise the federal funds rate to 0.50% to 0.75% at this meeting.
“The highly-unusual 7-3 FOMC vote speaks to the complexity facing the Fed operating in a prolonged period of highly unbalanced policy mix,” Allianz’s Mohamed El-Erian said.
“The Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the timeRead More »from Fed holds rates, paves the way for a December hike
There might not be any more concrete proof that Millennials are generation that grew up on the Internet – and its wide array of cute animal videos – than their preference for pets
According to a survey released by research firm Mintel, which polled more than 2,000 adults, three-quarters of Americans in their 30s have dogs, and 51 per cent have cats.
That’s significantly higher than the national average of 50 per cent and 35 per cent for dog and cat ownership respectively.
Previous findings have suggested that Millennials are also far more likely to be living with their parents rather than a spouse or partner, in comparison to the youth of 50 years ago.
Millennials are also postponing marriage, or eschewing it all together, and facing declining wages and weak job opportunities.
All of these factors may be leading them to choose pets over parenthood.
“Pets are becoming a replacement for children,” Jean Twenge, a psychology professor at San Diego State University told the WashingtonRead More »from Millennials opting for pets instead of kids
[NEW YORK, NY - SEPTEMBER 13: Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell, September 13, 2016 in New York City. The Dow Jones industrial average fell 258 points on Tuesday. (Photo by Drew Angerer/Getty Images)]
It’s like that unexpectedly chilly day in mid-September when you really know summer’s over.
For investors, what had been a good summer on the stock markets came crashing to a halt on Sept. 9 when stocks dove after comments from the U.S. Federal Reserve raised worries that U.S. interest rates might rise sooner than previously expected. The following Monday, Asian markets did the same.
Of course, with the U.S. election just weeks away, markets are as prone to overreaction as ever. But the coming U.S. rate hikes are just part of what some say is a turning point for several central banks, as Japan may be trying to push its long-term rates higher and there is uncertainty about how long the European Central BankRead More »from Autumn market volatility means it’s time to take stock of investments
Apple’s iPhone 7 and 7 Plus are officially here and offer welcome updates to their already excellent predecessors. But the smartphone market is larger than just Apple (AAPL). Samsung, the world’s largest smartphone maker, LG, HTC and Motorola all released impressive smartphones this year, as well.
So with a plethora of new handsets on the market, one question remains: Which is the right one for you? Well, I’ve got the answer. Whether you’re looking for a big-screen, a huge battery or just the best handset for your buck, these are the best smartphones you can buy.
Up until, oh, let’s say the moment the iPhone 7 Plus was unveiled, if you had asked me what the best smartphone you could buy was, I’d have told you Samsung’s Galaxy S7. And if you said otherwise, I’d have challenged you to a fistfight, which I would then have immediately tried to weasel my way out of.
The iPhone 7 Plus.
But I’m changing my tune, and preparing for the delicious Twitter hate I willRead More »from The best smartphones you can buy right now
Some people keep their model car collections on display in their homes, but if you’re an ultra-wealthy gearhead living in Miami, you buy a separate house specifically designed to show off your vehicles – at least, that's what one new company is hoping.
AutoHouse, which bills itself as the “ultimate private showcase and members-only club,” is planning on constructing a condo building in the city’s downtown whose only tenants are luxury cars and motorcycles.
The seven-storey project will house 45 units, or "AutoSuites," with prices starting at $350,000 – or roughly the average cost of a four-bedroom home in Miami – for a display space designed for two cars, and reaching as high as $1.5 million for 2,200 square feet, according to CNN Money.
Units can also be combined, or buyers can take over entire floors, which would accommodate up to 55 cars.
These glorified parking garages will also offer around-the-clock security with a web-based surveillance system allowing owners to check on theirRead More »from This company wants to build a $1.5M luxury condo for your car
Even the snobbiest of shutterbugs can’t deny smartphones are getting much better at taking photos and shooting video.
Over the years we’ve seen larger sensors to let more light in, more megapixels for greater detail, better image stabilization for sharper pics, faster processors to handle the task at hand and better all-around battery performance.
But even with these advancements, there’s still one obvious shortcoming to smartphone photography: the lens. There’s no optical zoom to get closer to a subject, nor is there good support for macro shots (extreme close-ups), fisheye support, or wide-angle photos on most phones.
In response to these shortcomings, there’s a growing market for lenses as an accessory, which clamp onto the phone’s existing lens.
They sound like a great idea, but are they just a gimmick?
We set out to see for ourselves, and also enlisted some help from a professional photographer.
Snap on, snap off
“Quite simply, the lenses work like eyeglasses,” explains JasonRead More »from Camera lenses for your smartphone: are they worth the money?
While businesses may be able to cut down on lines and make shopping easier by using self-service checkouts, they may also give thieves “ready-made excuses” for stealing products, according to a recent study.
The report, authored by professors Adrian Beck and Matt Hopkins of Leicester University, collected data through interviews with staff, security experts, app developers and visits to stores from four major retailers (two from the U.S., one from Belgium and one from Holland).
It also examined statistics on nearly 12 million shopping trips from the four retailers between December 2012 and February 2015.
The study indicated that the use of these self-service technologies and other apps used to make purchases lead to a loss rate of nearly four per cent, more than double the average.
Losing revenue is never good news for a business, but it seems even worse in light of the fact that a typical profit margin among European grocers is three per cent.
This means that many businesses that areRead More »from Self-serve checkouts could tempt shoppers into theft
Canadians often have to deal with the stereotypes about the Great White North when speaking with foreigners: ‘No. We don’t live in igloos. Yes. It is cold but not that cold.”
But sometimes these assumptions work out in our favour. Take for example Dani Reiss, the CEO of Canada Goose, who was at a tradeshow in Germany during his early days at the company, when he realized that Europeans trusted Canadian-made outwear to withstand the rigors of a frigid environment.
“For them, the connection between outwear designed for the coldest places on Earth and the Canadian climate was obvious,” he told Yahoo Finance Canada in an email.
The company, originally called Metro Sportswear Ltd., was founded in a small warehouse in Toronto by Reiss’ grandfather, Sam Tick, nearly 60 years ago, and its goose-down parkas, jackets and other accessories are still made in Canada.
But for Reiss, the benefits of manufacturing its products in Canada go beyond their air of authenticity.
He said he takes pride inRead More »from The difficulties of getting products made in Canada
Canadians consume marijuana. They smoke it. They eat it. They use its extracts and derivatives.
Statistics Canada found that 43 per cent of Canadians over the age of 15 have tried the drug and 33.5 per cent have used it more than once.
Furthermore, in a 2015 poll by Forum Research just under one-fifth of participants, or 18 per cent, admitted to having consumed the drug in the past year, with an added 13 per cent saying they would be more likely to do so if it were legal.
And with Canada lurching towards legalization, many businesses are looking to get into the market, including Canada Post.
A task force studying the floundering Crown Corporation released a 94-page discussion paper earlier this week that found “fundamental and transformational changes” are need to save it from having to be propped up by taxpayers.
One of the changes suggested was the distribution of marijuana across the country by Canada's postal service, with its more than 6,200 post offices and pickup locations alsoRead More »from Marijuana delivery proposed as a way to save Canada Post
Nearly one million of the 26 million credit-active Canadians could be in for a “payment shock” if the Bank of Canada ups its interest rates, according to a new report by credit information giant TransUnion Canada.
A 0.25 percentage point increase to the Bank of Canada’s Target Overnight Interest Rate, which currently stands at 0.5 per cent, would cost nearly one in six borrowers an extra $50 a month, while a a one percentage point increase would tack on a $50 or more charge for 40 per cent of Canadians with a variable rate mortgage or line of credit with $50 more a month.
While the central bank has given no inclination towards boosting rates anytime soon, the record lows the Bank of Canada has maintained – down from a high of 4.5 per cent in 2007 – are meant to stimulate the economy and are apt to rise in tandem with recovery.
For the seven million Canadians with a line of credit or variable-rate mortgage, preparing for those increases means focusing on the larger debts like yourRead More »from One million Canadians at risk of payment shock if interest rates rise
Our prisons are filled with people with psychopathic traits - but boardrooms around the world are actually just as bad, a new study has found.
Roughly one-fifth of corporate professionals have ‘extremely high’ levels of psychopathic traits - the same level found in prisons.
That compares with 1% among the general population.
Psychopaths - according to the standard Hare Psychopathy Checklist - are charming, impulsive, and fail to take responsibility for their behaviour.
They’re not necessarily murderers - but they’re good at looking after themselves, and not good at looking after others.
Researchers Bond University in Australia and the University of San Diego examined 261 professionals in supply chain management - and found that 21% had ‘clinically significant levels of psychopathic traits’.
‘Too often companies look at skills first and then secondly consider personality features,’ says Nathan Brooks of Bond University.
‘Really it needs to be firstly about the candidate’s characterRead More »from Is Your Boss A Psycho? One In Five Corporate Leaders Are Psychopaths, Study Finds
It seems like just yesterday we were all being promised amazing new technology and the best phone yet with the release of the iPhone 6 and the iPhone 6 Plus. But like youth, technology is fleeting. And so here we are again, this time on the verge of complete iPhone 7 pandemonium. Anxious Mac-lovers are already plotting lineup survival at their local Apple stores so they can be among the first to get their hands on the new devices when it goes on sale September 16, effectively stashing away their old ones to gather techno-dust.
But it doesn’t have to be this way.
If you’re among those who are looking to upgrade your phone, here are just a few things you can do with your old device.
Transform it into an alarm clock
Naw, we’re not talking about just setting the “Clock” function every night. Download one of the many alarm clock apps out there, and personalize it depending on what kind of a sleeper you are. Need to know that the apocalypse is coming in order to wake up in the morning?Read More »from 11 things to do with that ‘outdated’ iPhone
Dairy producers in Australia, the European Union, Mexico, New Zealand and the United States are pushing for their respective governments to take Canada to task over a new deal between farmers and the dairy industry that they say violates their international trade obligations.
In a letter released publicly on Monday, the dairy associations said the new deal places Canada in contravention of its World Trade Organization (WTO) and North American Free Trade Agreement (NAFTA) obligations and called for their respective governments to initiate a dispute settlement proceeding through the WTO.
The groups said the new deal -- which was agreed upon by the Dairy Farmers of Canada and the Dairy Processors Association of Canada in July -- favours Canadian dairy ingredients over imports and subsidizes the export of local products to “unfairly compete” with those abroad.
“Canada’s increasingly protectionist policies violate their international trade obligations, hold out the prospect of tradeRead More »from Global dairy producers protest new deal for Canadian milk products
Saudi Arabia or Walmart? India or Apple? Switzerland or Berkshire Hathaway? Social justice organization Global Justice Now ranks the world's countries and companies based on their 2015 revenue in U.S. dollars.
Art has often been used as a medium to raise awareness about pollution but an India-based startup is taking the concept further, creating paint and ink from the pollution itself.
Developed by self-described chronic inventor Anirudh Sharma via Graviky Labs, a spin-off from MIT media labs, the idea for Air Ink grew out of a conversation between the researcher and his peers about the stains left on their clothes by heavy air pollution.
“We built this contraption that we connect the exhaust on the tail pipe of the car,” explains Sharma in a video about his invention. “After we are done capturing the raw carbon, the soot, we take it through a purification process and then we convert that air pollution into printing ink.”
He points out that the same process can be used with boats or chimneys to captureRead More »from Indian startup turns air pollution into ink
After a difficult summer that saw the newspaper lay off more than 50 employees and reveal that it posted a $24.3 million loss in the second quarter of 2016, the Toronto Star is hoping to capitalize on a traditional morning routine to change its fortunes.
On Monday, the country’s second-most read daily newspaper announced that it is launching a new service called Headline Coffee, which brings its readers in the Greater Toronto Area “high-quality, ethically-sourced ground or whole-bean coffee,” each month at the cost of $20.
“Toronto residents love their coffee and they love reading the news,” states the press release.
“Now, the Toronto Star is matching coffee lovers and one of their favourite pastimes with the launch of Headline Coffee."
The newspapers said 75 per cent of its readers enjoy a cup of a coffee while enjoying the Star's content.
The service promises to bring its users a new coffee from a different part of the world each month.
The Star is likely looking to capitalize onRead More »from Toronto Star offers new coffee delivery service
Picking the right line at the grocery store can make a world of difference.
It is a split-second decision that could end, ideally, with the patrons in front of you breezing through the checkout and you getting out of the grocery store stress-free, or it could be a nightmarish experience that leaves you frustrated by the impossibly slow pace of the people in front of you and with an intense grumbling in your stomach as you long to get home and whip together the array of delectable ingredients in your cart.
The line that will lead you to a quick escape, however, may surprise you.
Dan Meyer, a former high school math teacher and chief academic officer at Desmos, told the New York Times that the key to getting out of the store faster is getting behind a shopper with a full cart rather than a line with numerous people with fewer items.
In his research he has found that on average it requires 41 seconds per shopper to say hi, pay, say goodbye, gather their things and leave the area, whileRead More »from How to spend less time in grocery store lines
With kids getting back into their daily routine of travelling to and from school, some parents are taking advantage of the back-to-school plans offered by phone providers to get them connected. And many are starting them younger than they have in the past, says Matthew Johnson, director of education at MediaSmarts – Canada’s Centre for Digital and Media Literacy.
According to a survey by MediaSmarts conducted in 2015, more than a quarter of kids in grade four owned cellphones and another quarter had access to cell phones. By grade 11 it was about 85 per cent.
“It depends primarily on whether or not your children’s peers have them, that’s when they’re most likely to be asking for them,” says Johnston. “I know that parents will often give kids cellphones when they start walking to school on their own because they’re anxious about their kids being out of reach.”
But even once you’ve decided to get them their first phone, figuring out which device and plan to get, and cultivating aRead More »from Navigating your child's first cellphone
Far from the distant din of electronic slot machines, Rahul Sood sat in a Las Vegas hotel conference room, listening to experts mull over the future of gambling.
But what left an impression on the former Chief Technology Officer for Hewlett Packard’s gaming division is that one of the speakers failed to see the how the empire built in Nevada’s desert has been built on sand.
The speaker was questioning the sector’s increased focus on attracting younger generations to their supposed palaces of glitz, glamour and gambling, and argued that casinos shouldn’t bother with them since they don’t have money and they don’t like to gamble.
“I was thinking to myself when watching him, ‘Who employs this guy? And which one of these casinos employs him? Because if you do, you should probably fire him,” Sood recalled in an interview with Yahoo Finance Canada.
“That’s the kind of thinking that has put [casinos] in the position that they’re in right now, [because] I think you create really invitingRead More »from How video games could be the salvation of the modern casino
Fertilizer may not be the sexiest of topics, but a potential $30 billion merger can sure get pulses racing. That was the way it played out on the stock market about a week ago after Canadian fertilizer giants Potash Corp of Saskatchewan and Agrium Inc confirmed they were in talks for a megadeal that would create by far the largest potash producer in the world.
Shares of both companies soared on the news, with shareholders hoping the new behemoth would be able to successfully navigate an industry struggling with low prices and a global glut of potash, a key ingredient in fertilizer.
But megadeals always leave turbulence, and this one – if it actually happens – would be no exception, though maybe not as much as some people think.
While there are no real details to chew on – the companies have so far just confirmed they’re in talks – the combination would marry Potash Corp’s fertilizer production with Agrium’s own production, as well at its farm supply business.
The result would be a companyRead More »from Potash, Agrium merger probably wouldn’t lead to big job cuts
Visitors to the Tract 9, a technology and design startup incubator and co-working space in Toronto’s Queen West neighbourhood, are apt to be greeted by Broscoe, quite possibly one of the most ambivalent secretaries of all time. But his complacency is a good thing; after all Broscoe is Tract 9 creative director and co-founder Benjamin Gibson’s Boston Terrier-Jack Russell dog and a permanent fixture at the cavernous creative space.
The dog-friendly policy created by Gibson was a way to boost the experience for members and make the space “more creative.”
“If we’re working on projects for the agency side, we’re spending whack-loads of time in the space,” says Gibson. “It’s next to impossible to have a dog (but) at least you can bring them along for the most part and they stay quiet in confidential meetings and stuff.”
So far, the creative director and another user of the shared workspace (owner of an 11-year-old labrador-poodle cross), are the only one’s taking advantage of the policy.Read More »from Consider this before pitching a pooch-friendly workplace policy
(photo: Simone Olivero)
2016 has been a tough year to be pregnant.
Between the overwhelming heat waves (anyone else wishing it didn’t “feel like” 38 C?), continuing outbreak of the Zika virus and the poor performance of the Canadian dollar, planning a romantic getaway with your honey before your little one arrives has never been more challenging. That is, unless you decide to stay local.
When my husband and I first found out we were expecting, we were naturally super excited, but also a little concerned considering how much we tend to travel. While the last few years have taken us through Europe, Asia, Kenya, South America and the Caribbean, suddenly, a whole chunk of the globe was deemed off limits to me by my OB – mostly due to fears of Zika and its link to birth defects. To add insult to injury, the Canadian dollar saw some of it’s weakest days, making a quick jaunt across the border feel like an unexpected splurge.
Like many Canadians, both expecting and otherwise, we realizedRead More »from How to plan a ‘babymoon’ right in your own backyard
No, the headphone jack is not the new floppy disk. Or the new CD or DVD, the new 30-pin Dock connector or the new FireWire port.
Excising the headphone jack from its new iPhone 7 and iPhone 7 Plus isn’t like those other rounds of enforced obsolescence. Apple (AAPL) killed a technology that’s worked fine for decades and left you with solutions that are costlier or more complex and work no better at the core function of delivering sound to your ears.
The new models are no thinner than last year’s iPhone 6s and 6s Plus, so it’s not as if Apple had no choice here. The company would like you to think of this deliberate downgrade—to quote marketing vice president Phil Schiller’s facepalm-inducing remark at Thursday’s event—as “courage.”
The correct word is “arrogance.”
Other technologies that Apple has offed over the years—the Verge’s infographic provides a helpful overview—aged poorly as our info-habits advanced.
The floppy disk stored too little data; oldRead More »from Apple just demonstrated why people hate the tech industry
The biggest surprise to come out of Apple’s huge iPhone 7 event on Wednesday wasn’t a new device, or even a new Apple product. No, the announcement that shook the Bill Graham Civic Auditorium in San Francisco was the appearance of a certain plumber and his father.
That’s right, Super Mario is coming to the iPhone in a completely original game called “Super Mario Run.” And while that’s an enormous surprise onto itself — Nintendo is notoriously protective of its intellectual properties — it was the arrival of Mario’s creator Shigeru Miyamoto that sent the crowd into frenzy.
Despite the obvious shock of seeing Mario and Miyamoto take the stage at an Apple event, the legendary designer and current Creative Fellow at Nintendo said the company and Apple had been working together on the project for some time.
“Super Mario Run” is coming to iOS in December.
“It started when we were working on Miitomo (Nintendo’s social game for iOS and Android), or before that when Mr. [Satoru] IwataRead More »from Nintendo's Miyamoto reveals why it took so long to bring Mario to the iPhone
Standing three-storeys high and stretching 180,000 square feet, there’s nothing portable or dainty about this picnic basket.
But for $6.45 million the structure, which once served as an office building and headquarters for the Longaberger Company, impractical as it may be, can be yours to fill with thousands of pounds charcuterie, cheese, fruits and veggies, or whatever other wacky activity you can do with massive building that looks like a picnic basket.
The basket building, as its known to locals who live near its resting place about 60 kilometres outside of Columbus, Ohio, was put up for sale 18 months ago for $9.67 million, but has struggled to find a buyer and its price tag was dropped to its current ask of $6.45 million, or about $36 per square foot.
At that price, the basket building is a bargain compared to what other office buildings in the area usually fetch.
Its listing agent, Michael Guagenti of Cushman & Wakefield, told Bloomberg that nearby commercial properties usuallyRead More »from Attention eccentric millionaires: You could own a seven-storey building shaped like a picnic basket for $6.45M
At its Apple Keynote event on September 7, Apple unveiled the next generation of iPhone. It’s “the best iPhone we’ve ever created,” CEO Tim Cook said on stage.
The iPhone 7 and iPhone 7 Plus comes with 10 major new features, as senior vice president of hardware engineering Phil Schiller put it.
The new phone has a high-gloss finish, with seamless lines all around. The camera is more smoothly enclosed and protected.
The home button has changed in a major way: it is no longer a button you click, which is what you’re used to. The home button is now “force-sensitive, solid-state” and runs on a “taptic engine.” It feels more like the trackpad on a laptop. This change was widely rumored ahead of time.
The iPhone is now water and dust-resistant. To illustrate, Apple showed a photograph of a kid falling into a pool, holding his iPhone.
In the travel world, September and October are known as shoulder season, a time of year when the weather is still decent, crowds are smaller and costs go down. In fact, Hopper, a flight prediction site, says the average airfare for a domestic round-trip flight is now $214 – 5.6% lower than the same time last year.
After a busy summer of travel, shoulder season is when many people start nestling back into their daily routines at home. It’s also when travel companies try to bring in as much revenue as they can before the off-season begins. Here at Yahoo Finance, we know that now is the perfect time of year to score some amazing travel deals. Here’s a list of offers and coupon codes from travel companies trying to get your attention.
Prices for domestic flights have dropped this fall, and JetBlue (JBLU) is leading the charge. The airline’s two-day sale wraps up at 11:59 pm on Sept. 8. Some of the deals include a one-way ticket from Washington DC, to Orlando, Fla. forRead More »from Deal alert! Why shoulder season is a great time to book a trip
At its Apple Keynote event on September 7, Apple unveiled the next iteration of its Apple Watch.
Apple revealed Apple Watch Series 2 using a flashy hype video with music by Pusha T and an overt fitness theme. The new features of the watch all reinforce the idea that the device is not just a phone for your wrist, but now a fitness band that competes with Fitbit, Jawbone UP, and other trackers.
Apple Watch 2 is “faster, brighter,” and “the ultimate device for a healthy life,” said senior VP Jeff Williams on stage.
The new device is “swim-proof,” whereas the first Apple Watch was just “splash-proof,” and Apple trusts that “swimmers will absolutely love it,” Williams said. Apple Watch Series 2 has a new app, Breathe, that reminds you to stand up and walk around multiple times per day.
And there’s a new Nike+ version of Apple Watch, the Apple Watch Nike Plus. “We think it delivers the best running experience out there,” said Nike brand president Trevor Edwards.Read More »from Here it is: Apple unveils the Apple Watch Series 2